Selling your lakefront property can be a little challenging. Understanding the market is important to know how and when to proceed. The latter is more important because the right time determines how much you will get for your property. For example, your lake house will sell for more during certain months. This raises the question: When is the best time to sell your lake house?
People who consider your lakefront property are boating, swimming, and barbequing enthusiasts. These are the top three activities they indulge in on the weekends. Let’s not forget the breathtaking views such properties offer. All these things make a lake house an excellent investment. So, you will probably get a great price for your property.
Now that work-from-home has become a part of the professional culture, the value of lakefront properties is predicted to rise by 15%. Keep reading to find out in which season to sell your lake house:
Selling in Spring vs. Winter
Winter is not a good time to sell your property. The inventory is low, and most people are not looking to make such a huge investment. The reason is that they want to move into their new property quickly, and snow prevents that.
When buying a lake house, boat owners and ski lovers like to see the green side of the property. It allows them to picture what kind of activities they will do when they own the lake house.
Hence, spring is the perfect time to sell your lake house. There’s no more snow on the road, the lakes are not frozen, and a slight chill in the air makes the weather perfect for new beginnings.
Why Sell Your Lake House in Spring
Increase in Sale Price
According to realtors, spring is the best season to sell your lake house because people are on the hunt for real estate. The increase in traffic has also got to do with daylight savings. You will get more viewing requests and multiple offers, allowing you to choose a buyer willing to pay the highest price.
It’s a Seller’s Market
You need to put your lake house on the market before summer because that’s when inventory starts to climb. You will have lots of competition, which will make it difficult to sell your lake house. On the other hand, in spring, people start their search, and that’s why you will get more calls.
You Can Also Put It Up for Rental
You will be amazed at how many rental offers you will get in springtime. If you don’t receive an offer you are satisfied with, we suggest renting it to vacationers.
In conclusion, spring is the ideal time to sell your lake house. Summer is the peak boating season, so many boat owners will look for a property with a dock. Staging a lake house is all about ensuring its functionality.
If you use your lake house as a secondary home, get it thoroughly cleaned in winter. Check for electricity and water, line the trash cans with bags, remove any food from the expired pantry, and stock all the essentials in the bathroom. A lived-in look will give the buyer the impression that you have been taking good care of your lake house.
If your lake house does not have a boat dock, contact EZ Dock Texas to build one on your property. This will increase the land’s value and allow you to sell it faster. For more information, call (800) 654-8168.